Product Launches
Porter Capital Adds Term Loans Up to $500,000 and Credit Lines to $250,000
By News Desk ·
Key takeaways
- Porter Capital's term loans run from $50,000 to $500,000 with 24-month terms.
- Lines of credit range from $50,000 to $250,000 and are revolving.
- Both products are available nationwide with decisions in as little as 24 hours.
- Porter Capital has funded more than $15 billion over 35 years, largely through invoice factoring and asset-based lending.
Porter Capital launched term loans and lines of credit for small and mid-sized businesses, with term loans from $50,000 to $500,000 on 24-month terms and credit lines up to $250,000. The Birmingham, Alabama-based commercial finance company announced the products on November 13, 2026, according to PR Newswire.
How Porter Capital's Two New Products Work
Porter Capital said its term loans provide a lump sum repaid on a fixed schedule, aimed at equipment purchases, expansion, acquisitions or refinancing higher-cost debt. Lines of credit give revolving access to funds up to an approved limit, with owners drawing what they need, paying interest only on what they use and borrowing again as they repay. Lines range from $50,000 to $250,000 and are pitched at seasonal swings, payroll timing, inventory purchases and unexpected expenses.
Both products use an online application, with decisions in as little as 24 hours and a dedicated funding specialist guiding each client from application to close. The company said the products are designed for established small and mid-sized businesses in manufacturing, distribution, staffing, transportation, business services, and oil and gas, and can also be offered by brokers, bankers and referral partners.
"For over three decades, business owners have trusted us to move fast when the bank couldn't," said Marc Porter, founder and CEO of Porter Capital. "Adding term loans and lines of credit means we can now meet more of those owners where they are."
John Cox Miller, senior vice president of Porter Capital, said referral partners had been asking for the products. "When a client needs a term loan or a revolving line, partners can now bring that deal to the same team they already trust for factoring," he said.
Porter Capital's Funding Record
Porter Capital has funded more than $15 billion over 35 years through invoice factoring and asset-based lending, with facilities up to $30 million, according to akta.pro company records. The same records show the company funded approximately $1.7 billion in invoices in 2025 alone and is on pace to reach $15 billion in cumulative funding in 2026, its 35th anniversary year. The records also note the 2024 strategic merger with Pay4Freight, LLC that expanded the Porter Freight Funding transportation division and added a Texas office.
Indian Bank and IDBI Bank Lending Moves
Indian Bank set a ₹100 crore lending target for the current fiscal year under its EV charging scheme, offering loans up to ₹10 crore for 8 years, Business Standard reported on November 1, 2026. At a Business Growth Summit in Nagpur, IDBI Bank's Ramakrishna Eda discussed MSME financing and highlighted the iMSME Express product, which offers collateral-free, data-driven credit, The Times of India reported on November 6, 2026.
Where to Apply for Porter Capital Financing
Term loans and lines of credit are available now to businesses nationwide, the company said. Business owners can apply through Porter Capital's application page.